North America Economy news, Markets and Business Trends - Made-in-China.com

The Steel Inside of It Likely Was Made by Gerdau Special Steel North America

Dec 13, 2012

If you are driving a car produced in North America, the steel inside of it likely was made by Gerdau Special Steel North America. Headquartered in Napoleon Township, the steel mill at 3100 Brooklyn Road and the company's other special ...

Tags: steel systems, structural steel, buy steel pipe, steel beam

WFE Spending Is Estimated at US$31.4 Billion in 2012

Dec 13, 2012

Taipei,Oct.17,2012(CENS)--Worldwide wafer fab equipment(WFE)spending is estimated at US$31.4 billion in 2012,for a decline of 13.3%from 2011's US$36.2 billion,according to market consulting firm Gartner,Inc. The global WFE spending is ...

Tags: WFE, drop, market

Indian Projects Are Progressing as Per Availability of Resources

Dec 13, 2012

As on April 1st 2012, there are 347 ongoing new line, gauge conversion and doubling projects requiring INR 0147 million tonne for their completion. Projects are progressing as per availability of resources. During 2011-12, four new line, ...

Tags: railway projects, Railway Budget, limited availability of resources

Power From Central Generating Stations to Beneficiary States/Union Is Allocated

Dec 13, 2012

Mr Jyotiraditya Scindia minister of State (Independent Charge) for Power recently informed the Lok Sabha that Power from Central Generating Stations to beneficiary States/Union Territories is allocated in accordance with formula for ...

Tags: energy consumption, allocation of power, CGS

Catalyst Copper Corporation Saw Its Shares Move Higher

Dec 13, 2012

Catalyst Copper Corporation saw its shares move higher after announcing results from a preliminary economic assessment of its La Verde project in Mexico. The NI 43-101 report, done by AMC Mining Consultants, projected pre tax net present ...

Tags: mining gold, copper recycling, iron ore price news, selling scrap gold

China's Manufacturing PMI Rose to a 7 Month High in November

Dec 13, 2012

SMM reported that China's manufacturing PMI rose to a 7 month high in November. Risk appetite grew during the European session pushing commodity prices up. The US November manufacturing PMI declined more than expected, increasing ...

Tags: scrap metal price, iron ore price news, aluminum, steel scrap buyers

Dubai's Ship Building Unit Drydocks World Has Won a Multi Million Contract

Dec 13, 2012

Trade Arabia reported that Dubai's ship building unit Drydocks World has won a multi million contract from leading oil exploration and production company Premier Oil to build a subsea facility for Solan oil field located on the UK ...

Tags: Drydocks, oil exploration and production, oil and gas discovery

RIO Tinto Has Warned It May Cut More Jobs From Its Aluminium and Coal Businesses

Dec 13, 2012

RIO Tinto has warned it may cut more jobs from its aluminium and coal businesses as it seeks to rein in unsustainable cost increases. In an investor update, the mining giant also says it expects growth in China's steel demand to peak ...

Tags: aluminium business, Rio Tinto, global mining operation

Toyota Has Established Toyota Tsusho Processing de Mexico SA de CV

Dec 13, 2012

Toyota Tsusho Corporation has established Toyota Tsusho Processing de Mexico SA de CV in central southern Mexico as a new steel processing center. Toyota Tsusho has also increased the capital of Techno Steel Processing de Mexico SA de ...

Tags: Toyota, Toyota Tsusho Processing, steel processing center

Steel Imports Declined in October by 2.5% Compared to September

Dec 13, 2012

According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...

Tags: structural steel, steel scrap price, iron ore price news

Esmark with USW Announced That They Have Reached a Tentative Agreement with Local 1223

Dec 13, 2012

Esmark Inc and its wholly owned steel services subsidiary, Esmark Steel Group jointly announced with the United Steelworkers of America that they have reached a tentative agreement with Local 1223 on a four year collective bargaining ...

Tags: acquisition, cold rolling, Esmark

Domestic Raw Steel Production Was 1,818,000 Net Tons

Dec 13, 2012

In the week ending December 1st 2012, domestic raw steel production was 1,818,000 net tons while the capability utilization rate was 73.6%. Production was 1,816,000 tons in the week ending December 1, 2011, while the capability utilization ...

Tags: steel scrap buyers, steel strip, iron ore price news, production process

Brazil's Third Largest Steelmaker Offered About USD 3 Billion to Buy The Two AG's Plants

Dec 13, 2012

Bloomberg reported that Brazil’s third largest steelmaker by output Cia Siderurgica Nacional SA offered about USD 3 billion to buy the two ThyssenKrupp AG’s plants in the Americas. According to two people familiar with the ...

Tags: CSN, steelmaker, acquisition, Ternium SA

WEMPCO Began The Trial-Run of Its New Multi-Billion Naira Integrated Steel Mill

Dec 13, 2012

Western Metal Products Company Limited on Friday began the trial-run of its new multi-billion naira integrated steel mill. This came amid promises of support from the Federal Government that it would be more careful in future in the choice ...

Tags: steel mill, Western Metal Products Company Limited

Company Expects The Global Copper Market to Swing Into a Slight Surplus in 2013

Dec 13, 2012

Reuters cited Mr Thomas Keller CEO of Codelco as saying that company expects the global copper market to swing into a slight surplus in 2013 after several years of deficit but the small excess will have little impact on prices. ...

Tags: copper market, copper price, global economy

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